Roy Hill commits to second Pentium Hydro rig

Image: Roy Hill

Roy Hill has placed an order for a second rig from Vysarn subsidiary Pentium Hydro for the Pilbara iron ore mine.

The estimated value of the purchase order is around $1.3 million and is part of Pentium’s general works contract awarded by Roy Hill in November last year.

Pentium expects to complete the order within three to four months of mobilisation, starting from the end of January.

Company managing director Sheldon Burt said Pentium was pleased with the award of the additional work from Roy Hill.

“The work program is consistent with the company’s rig utilisation forecasts… The award of this work further strengthens the company’s strategy as a premium dewatering service provider specifically to Tier 1 mining clients,” Burt said.

“We are pleased that the Pentium service offering is being considered so soon following the acquisition of the drilling assets in August 2019 and we look forward to continuing to build relationships in the industry.”

Under the Roy Hill contract, Pentium is responsible for dual rotary and reverse circulation bore drilling services, minor civil earthworks or rotary air and conventional drilling services.

Roy Hill is a 55 million tonne a year iron ore mining, rail and port operation based in the Pilbara region of Western Australia.

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